Moran Wealth Management LLC Sells 56 Shares of Fair Isaac Corporation $FICO

Moran Wealth Management LLC lessened its position in shares of Fair Isaac Corporation (NYSE:FICO) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,792 shares of the technology company’s stock after selling 56 shares during the period. Moran Wealth Management LLC’s holdings in Fair Isaac were worth $14,243,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Fair Isaac during the 2nd quarter worth about $27,000. Hilltop National Bank bought a new position in Fair Isaac during the 2nd quarter worth about $27,000. Geo Capital Gestora de Recursos Ltd bought a new position in Fair Isaac during the 1st quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new position in Fair Isaac during the 1st quarter worth about $30,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after acquiring an additional 5 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a report on Wednesday, October 8th. Zacks Research upgraded Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a report on Thursday, October 2nd. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, BMO Capital Markets raised their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,130.29.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,650.00 on Tuesday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The company has a market capitalization of $39.60 billion, a P/E ratio of 64.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35. The company has a 50-day simple moving average of $1,510.43 and a 200 day simple moving average of $1,695.26.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same period last year, the business posted $6.25 EPS. Fair Isaac’s revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.